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119-hr-8439119th CongressWALLET

Commission on Natural Disaster Risk Management and Insurance Act

Sponsored By: Representative Carbajal, Salud O. [D-CA-24]

Introduced

Summary

Creates an independent, nonpartisan Commission on Natural Disaster Risk Management and Insurance. It would bring together experts across insurance, emergency management, engineering, finance, and climate science to develop majority-approved recommendations on disaster risk, insurance practices, and resilience planning.

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  • Would be a 26-member panel drawn from four groups of experts to produce reports and recommendations on flood mapping, building standards, insurance, and disaster finance.
  • Would reserve two seats for state insurance commissioners chosen by their peers, and those two commissioners must be from different political parties. Members would serve without pay.
  • Could enter confidentiality-protected information-sharing agreements with federal, state, local, and Tribal entities but could not compel agencies or private stakeholders to provide data or share personally identifiable information.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

Study disaster risks and insurance

This bill would require the Commission to study national and local exposure to many natural disasters. It would assess insurance availability and affordability, mitigation, land use and building codes, risk-sharing tools like reinsurance and catastrophe bonds, and special needs of low-income communities. The Commission would coordinate with State insurance commissioners and consult many Federal agencies. It would send a detailed report to four Congressional committees within two years of enactment.

Privacy rules and Commission end date

This bill would let the Commission get nonpublic government data but not personally identifiable information. Sharing data with the Commission would not waive legal privileges or prior confidentiality agreements. No agency would be forced to collect or share data just for the Commission. The Commission would end 90 days after it files its required report and must return or destroy all data it holds.

New disaster risk commission

This bill would create an independent Commission on natural disaster risk and insurance. The Commission would have 26 members organized in four appointment groups. Appointments must happen within 30 days of enactment. Members would serve without pay and a majority would approve reports and choose the Chair.

Congressional funding for the Commission

This bill would authorize Congress to appropriate such sums as may be necessary to run the Commission. Those funds would remain available until expended. Actual spending would depend on later appropriation actions by Congress.

Sponsors & CoSponsors

Sponsor

Carbajal, Salud O. [D-CA-24]

CA • D

Cosponsors

  • Rep. Evans, Gabe [R-CO-8]

    CO • R

    Sponsored 4/22/2026

  • Rep. Carter, Troy A. [D-LA-2]

    LA • D

    Sponsored 4/22/2026

  • Rep. Ezell, Mike [R-MS-4]

    MS • R

    Sponsored 4/22/2026

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 9/2/2026

Roll Call Votes

No roll call votes available for this bill.

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